In today’s briefing:
- Arcosa’s $558 Million Utility Backlog — Is Grid Modernization The Next Big Catalyst?
- Griffon’s $181 Million Australasia Deal Supercharges Its Capital Allocation Strategy; A Well Deserved ‘BUY’ Rating?
- Sunrun’s Hidden Power Plant Business — 700 MW Already Dispatched Across The Grid!
Arcosa’s $558 Million Utility Backlog — Is Grid Modernization The Next Big Catalyst?
- Arcosa, Inc. reported its first quarter 2026 results reflecting progress in its strategic transformation and strong operational performance across its two continuing segments: Construction Products and Engineered Structures.
- The company completed the divestiture of its barge business for $450 million, simplifying its portfolio and focusing on infrastructure-related growth markets.
- The proceeds partly reduced debt, lowering its net debt-to-adjusted EBITDA ratio to 1.9x, enhancing financial flexibility.
Griffon’s $181 Million Australasia Deal Supercharges Its Capital Allocation Strategy; A Well Deserved ‘BUY’ Rating?
- Griffon Corporation reported solid operational and financial results for its third quarter of fiscal year 2026, reflecting execution amidst challenging U.S. residential housing and commercial construction environments.
- Revenues increased 7% year-over-year to $481 million, driven by a roughly equal split of 6% from favorable price and mix alongside a 1% volume increase.
- Adjusted EBITDA rose 2% to $125 million, resulting in an EBITDA margin of 25.9%.
Sunrun’s Hidden Power Plant Business — 700 MW Already Dispatched Across The Grid!
- Sunrun Inc. is actively progressing its strategic shift towards emphasizing its direct-to-consumer solar and energy storage business, which offers higher margins, better customer satisfaction, and stronger credit profiles compared to its affiliate channel.
- In the second quarter of 2026, Sunrun reported positive cash generation of $45 million when excluding $22 million in safe harbor equipment investments, and has generated $428 million of cash in the past two years excluding such investments.
- The company’s storage attachment rate reached a new high at 74%, equating to over 15,500 battery system installations in the quarter, reflecting strong demand for energy storage solutions.
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